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The Ucits HFS Index lost 0.06 per cent in the second week of trading in December and is up 0.11 per cent month to date.
Although seven sub-strategies were negative in the second week of trading, only multi strategy (-0.39 per cent), currency (-0.27 per cent) and market neutral (-0.21 per cent) lost more than a fraction.
The three best performing strategies in the second week of trading were convertible (+0.44 per cent), event driven (+0.28 per cent) and global macro (+0.22 per cent).
Convertible is maintaining its position as the top performer in December, up 1.46 per cent month
GLG, an investment manager and division of Man Group, has boosted its event driven team with the appointment of Simon Freeman as an asset manager.
Freeman will report to Gerard Griffin, who joined GLG from Tisbury Capital Management earlier this year to lead and expand its event driven strategies.
Freeman joins from Credit Suisse where he was managing director of trading for event driven strategies. Prior to that, he was senior managing director of trading for event driven strategies at Bear Stearns where he managed the USD1bn European book. He was previously director and portfolio manager at UBS O’Connor.
The US Commodity Futures Trading Commission has filed a civil complaint against California-based defendants Ryan A. Nassbridges, American Bullion Exchange ABEX Corp. and American Bullion Exchange LLC, charging them with fraudulent solicitation and misappropriation in connection with precious metals futures and options fraud.
The CFTC complaint, filed on 8 December 2010, alleges that the defendants solicited approximately USD5.5m from at least 80 customers to invest in precious metals, including gold, palladium, platinum, silver bullion and gold and silver coins.
In soliciting participants, the defendants allegedly fraudulently represented that (1) they would only invest participants’ funds in bullion and coins, (2)
SGGG Portfolio Systems, a provider of technology to small and mid-sized hedge funds, has built the first appliance specifically for hedge fund managers.
The appliance combines hardware, operating system and SGGG’s proprietary hedge fund software in a single pre-installed and pre-configured box.
When connected to a hedge fund’s network, the system provides real-time portfolio management and trade order management.
Hedge funds use the system for the entire trading and portfolio management process – to send trade orders to dealers, keep track of trades and portfolios and interface with their custodians.
The appliance has pre-configured connections to numerous electronic trading systems
Sydney-based Instinct Capital, established last year by Frederic Eechaute and Stephen Good and whose Instinct Japan Opportunity Fund has r
BNY Mellon continues to win new business, as its Q3 figures testify to: strong growth in assets under custody (+12 per cent) and assets under management (+9 per cent) helped it earn USD622mi
Woodbine Associates has published a report examining the features, functionality and value proposition of 18 established trading solution providers and giving guidance on choosing the optimal solution for each particular need.
Intended to help buy- and sell-side firms implement an execution management system or select another provider, the study is an impartial guide on which EMS players are worth evaluating, what features differentiate them, and what EMS providers are doing to meet the evolving needs of the capital markets industry.
“Our intent is to provide trustworthy and actionable information to help the investment community make more informed decisions about
Asian financial market traders can now access multiple sources of “dark pool” liquidity thanks to a new agreement between Chi-East and global conne
US global bank, Citigroup Inc., has appointed Thomas Treadwell to grow the firm’s prime finance derivatives clearing team in Asia, reported
London-based Galena Asset Management, a subsidiary of privately owned Trafigura Group – one of the world’s largest independent commodity trading companie
